24-Unit Apartment Building with
715 16th Street Unit 719, Loveland, CO 80537
For Sale
$3,840,000
Every apartment has two bedrooms, with a detached garage assigned to each residence.
Property Size17,880 SF
Days on Market110
Property Features for 715 16th Street Unit 719
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Listed By:
Charles Burkhart · License CO #100103787
(214) 336-6064
Source:
Eliselosassore
Added: Jul 23
Changed: Nov 9
Last Checked: Nov 8 at 2:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1970, this Loveland multifamily property contains 24 apartments, all configured with two bedrooms. The community also has 24 detached garages, providing one garage for each residence.
The property is in Loveland, with access to US-34 and Interstate 25. Downtown Loveland, Centerra, Boyd Lake State Park, and Devil’s Backbone Open Space are among the nearby destinations. The Fort Collins–Loveland MSA has grown by approximately 18% since 2010.
The property is in Loveland, with access to US-34 and Interstate 25. Downtown Loveland, Centerra, Boyd Lake State Park, and Devil’s Backbone Open Space are among the nearby destinations. The Fort Collins–Loveland MSA has grown by approximately 18% since 2010.
Key Highlights
- 24 two‑bedroom apartments
- 24 detached garages
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,173
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,403,460
$3.4M
Cap Rate 7%
$2,431,043
$2.4M
Cap Rate 9%
$1,890,811
$1.9M
Market Conditions
NOI Build-Up for 17,880 SF
Gross rent
$324.0K $18.12/SF
− Vacancy
−$14.6K −$0.82/SF
EGI
$309.4K $17.30/SF
− OpEx
−$139.2K −$7.79/SF
NOI
$170.2K $9.52/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,403,460
Cap Rate 7%
$2,431,043
Cap Rate 9%
$1,890,811
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,173 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,949 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
24
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Larimer County, CO
Properties on Market for Apartment buildings in Larimer County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Every apartment has two bedrooms, with a detached garage assigned to each residence.
Where is this apartment building located?
The property is located at 715 16th Street Unit 719 Loveland, CO.
What is the asking price?
The asking price for this property is $3,840,000.
What are key features of this property?
This property features: 24 two‑bedroom apartments; 24 detached garages; Built in 1970
